Snowflake (NYSE:SNOW) Issues Earnings Results, Misses Estimates By $1.06 EPS

Snowflake (NYSE:SNOW) announced its quarterly earnings results on Wednesday. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of $0.26 by ($1.06), Zacks reports. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%.

Snowflake Stock Performance

Shares of NYSE:SNOW traded up $8.68 during trading on Wednesday, reaching $169.74. The company had a trading volume of 12,613,062 shares, compared to its average volume of 6,262,440. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s fifty day moving average price is $201.94 and its 200 day moving average price is $223.46. The firm has a market capitalization of $58.09 billion, a price-to-earnings ratio of -42.02 and a beta of 1.14.

Insider Activity

In other news, Director Frank Slootman sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 713,681 shares of company stock valued at $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the fourth quarter worth $29,000. JPL Wealth Management LLC acquired a new stake in Snowflake in the third quarter valued at $39,000. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new position in shares of Snowflake during the 4th quarter worth $59,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced a multi‑year $200M alliance with OpenAI, positioning its Cortex AI platform to run OpenAI models on customer data — a concrete tie to the AI growth story investors want to see. Snowflake Leans On OpenAI Alliance
• Positive Sentiment: Institutional mention: Aristotle’s Growth Equity Fund highlighted Snowflake as a leading data‑cloud platform in its Q4 letter — a vote of confidence from an active manager. Aristotle Growth Equity Fund Letter
• Neutral Sentiment: Earnings preview: Q4 results are due after the close and coverage emphasizes one key metric — remaining performance obligation (RPO) — as the signal for whether AI-driven demand is materializing. Traders are watching guidance and RPO closely. RPO Is Key for Snowflake AI Transition
• Neutral Sentiment: Pre‑earnings analyst activity: several outlets report Wall Street firms have revised models and price targets ahead of the print — increasing volatility risk into the event. Analyst Expectations Revamped
• Negative Sentiment: Legal overhang: multiple law firms have issued investor notices and announced investigations / class‑action filings alleging claims tied to earlier disclosures for purchases between June 27, 2023 and Feb 28, 2024 — increasing uncertainty and potential future liabilities. Examples: Robbins LLP, Rosen Law, Bernstein Liebhard, Johnson Fistel, and Pomerantz. Robbins LLP Investor Notice
• Negative Sentiment: Analyst downgrades and sell activity: recent notes and fund moves cite valuation concerns; at least one analyst downgrade and reports that Artisan’s Mid‑Cap fund sold its SNOW position (valuation cited) add downward pressure. Analyst Downgrade / Fund Selling

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Robert W. Baird increased their target price on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Macquarie Infrastructure boosted their target price on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. UBS Group reissued a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Barclays restated an “equal weight” rating and set a $250.00 price target (down from $290.00) on shares of Snowflake in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $265.63.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.